Sidelined Capital Could Flood Back Into Bitcoin (BTC) if This Happens, According to Top Crypto Analyst
— Bunch, Hold, Get back, Twitter facebook, Cryptocurrency, Bottom, Investors, Lot higher depending, Day, Walk — 1 min read
Bitcoin trader DonAlt says he's keeping a close watch on the 200-week moving average, an indicator that has marked the bottom for BTC during previous bear markets. DonAlt also says if Bitcoin manages to rally, he’s looking at $28,000 as his initial target. At time of writing, Bitcoin is changing hands at $20,235, up over 5% on the day. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital asset. At the time of this article, Bitcoin was trading at $21,000, up by 5% today. Source